There is no cast-iron law that states that crises of capitalism end in victories for the left - and certainly not in Britain. And yet this is not a Conservative moment - it is clear that the Coalition has no viable plan for rebuilding the economy. The problem is that Labour does not have one either. The task for Labour now is to come up with a vision of a moral economy based on decent jobs, good homes, stable pensions and fair finance. This e-book is the story of how Labour might begin to do this.
Foreword by Larry Elliott
Afterword by Jon Cruddas
The most important task facing Labour now is to come up with a vision of the economy that is different from what it was putting forward in the period before the crash.
Labour must now discard the snake oil of neo-classical economics and develop ideas for the economy that are both practical and humane - based on the principles of environmentally sustainable wealth creation, durability, cultural inventiveness, equality and human flourishing.
The New Political Economy Network is a non-aligned, centre-left initiative that brings together experts in economics and other disciplines, existing research projects, campaigning organisations, think tanks, journalists, activists and politicians. Its aim is to help build the intellectual foundations and shape the policy framework of this new economy.
Contents
Foreword Larry Elliott
Introduction: Labour's Future
Part 1
No way to run an economy
1. Unfair shares
2. Profits before jobs
3. Home sweet loan
4. Pensions are bust
5. Rotten banks
6. The global express
Part 2
Manage markets before they manage you
7. A new political economy for Labour
8. Common Wealth
Afterword Jon Cruddas MP